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A firm purchases a machine for $2,000,000 which has a class life of 3 years MACRS. The firms cost of capital is 12 percent. When

A firm purchases a machine for $2,000,000 which has a class life of 3 years MACRS. The firms cost of capital is 12 percent. When calculating operating cash flows, what is the present value of the tax benefits from depreciation, when the tax rate is 34%?

How do I find the MACRS percentage?

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